‘Transformational year’ exceeds expectations at industrial giant
Melrose, which bought GKN in an £8.1bn takeover last April, has hailed a "transformational year" that has exceeded its expectations.
Its figures published today, for 2018, include eight months' contribution from GKN. They show adjusted revenues of £9.1bn and adjusted pre-tax profits of £703m.
The FTSE 100 industrial group said its adjusted operating profit exceeded £1bn if it included GKN's performance for the full 12-month period.
"This has been a transformational year for Melrose," said Justin Dowley, chairman of Melros... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
